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Successful Business Plans

Jumat, 08 April 2011

Business plans are one of the most essential pieces to securing your businesses' success. When starting a business it is important to understand the financial requirements to enter the market, the competitive nature of the market, as well as the financial projections for your business. Like with any big decision, it is important to gather all the facts and make an educated choice. Once you reach that decision it is important to steady your course with your goals.

A business plan does all of that for you. A well written business plan not only lets you know what financial obligations you will have to become operational, but it will let you know what your measurable success will be over the next 5 years. The well written plan provides an outline for how your business will succeed in the competitive market place. A well-researched plan also helps to let you know if a business idea is going to be a successful thriving market contender or an expensive hobby. You would not make a long trip without a map and you should not start the long journey of operating a business without one either. A business plan can be a roadmap for your success.

Unfortunately the Small Business Association (SBA) estimates it takes the average business owner approximately 400 hours to research and write their own plan. Due to this large time commitment many start-ups do not properly complete a plan and either end up failing or never have the opportunity to start. The best way to avoid this pitfall is to leverage your resources and make sure a comprehensive plan is written. This can be by done by yourself if you have the time and expertise or you can hire a professional business plan writing service. The advantage of hiring a service is that the company will understand what it takes to make a plan successful and can write one in significantly less time than you could do yourself. Just make sure that you work with whoever you hire to ensure that in the end your idea shines through.

Remember that a business plan is one of the most important aspects of a company's success. The business plan will outline your strategy and provide a roadmap for the future. Without completing this necessary step many potential business owners end up giving up or failing. So take the time to properly plan and watch your business soar to heights you only dreamed possible.

Here is an honest review of a resource that can help you complete a comprehensive business plan: Business 360. It may be the key to your success.

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Algae Biodiesel Fuel

There are a lot of things that we can do to make the world a better place; the first thing that you will have to do is find a list of companies producing algae biodiesel fuel. This will be in order for you to see if it is worth your while to change from a petrol car to a biodiesel powered car. You will have to weigh the good and the bad, but you have to always keep in mind that fossil fuels are killing our planet, and those companies producing algae biodiesel fuel are trying to do something about it.

If you are worried about the price of a new car, you will find that there will be no need for you to go out and buy a new car. That is right, if you want to change your car to biodiesel, all you need to do is get the alternative fuel. You will first have to siphon all of the fossil fuel out of your car - you do not want these two products to mix, because there will be a little damage.

This means that you can have a car that is runs from a renewable source of energy without the huge price tag. In fact, if your car runs off diesel now, you will find that using biodiesel is as easy as replacing your oil. You have to know that biodiesel will not work in a petrol car, there are other things that you can use for this, like bio-petrol, hydrogen, or electricity.

There are quite a few companies producing algae biodiesel fuel, and which on your back is up to you. You will need to find which one offer the best benefits for the environment. You will need to check the additives in the fuels and the sources of the ingredients they use.

You will have to keep in mind that the reason you want to change to bio fuel or renewable fuel is because you are trying to do something good for the planet. If you find that one certain company adds something into their fuel that does not being there, or that makes that fuel non renewable, you should not go with that company, and make sure that you report them.

You will find that making your own biodiesel is easy too. You can make it in your own back yard, and you do not need a permit to do so. In fact, you can make it from things that you have in your kitchen cupboards right now. One thing that you have to remember is that it is a timely process, and you will need a few things to get the job done correctly.

If you do not have the time to look after the process and make sure that you biodiesel is looking good and will work, make sure that you find a list of companies producing algae biodiesel fuel, so that you can start to make your part of the world a better place, free from dangerous byproducts and fumes.

Read more about hydrogen fuels. Visit Hydrogen Fuel Guide.

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Tips For Caster And Wheel Selection

When one begins to select the casters needed for an industrial application, there are a series of key items that should be considered to assure that the casters can withstand the most strenuous aspects of that application. It is not the purpose of this article to cover the details of the process of specifying casters but instead to point out some very key items that should be considered prior to the purchase of these items. Industrial casters that are properly specified should provide an extended life with minimal maintenance and upkeep.

1. Proper Sizing of the Swivel Section - The swivel section is made up of the yoke and the top plate. The top plate is what connects the caster to the cart or other piece of equipment. The yoke base is where the legs that contain the wheel are attached. The interface between the top plate and the yoke base is collection of ball bearings that are arranged in a pre-determined radius.

The circumference of the radius and the size of the ball bearings are reflective of the weight carrying capacity of the specific swivel section. On the low end of the industrial range the balls are generally 0.125" in diameter while the diameter of the race way is generally 3" On the high end, the ball size generally is 0.625 and the diameter of the raceway is expected to be in the range of 6-8".

2. Hot Forged vs Cold Stamped - The next consideration is also associated with the swivel section. There are two basic processes by which the swivel sections are manufactured, one being cold stamped and the other being hot forged. Cold stamping, as you can imagine, is an inexpensive means for forming metal. This process is limited by the thickness of the material.

In the manufacture of industrial caster, cold stamping is generally limited to 0.25 steel plate. Hot forging is a much more expensive process and creates a much better finished product. Hot forging is used for much thicker steel plate generally in the range of 0.875'' thick. Hot forging of steel produces a product with the highest physical properties for use in an industrial caster application.

3. Leg Thickness and Width - Once you have specified the appropriate size of the swivel section the next critical consideration would be the leg size. When considering leg size one must consider the thickness of the material the leg is manufactured from and the width of the leg. In the dynamic application the leg will be affected by three key factors:

A) In a static loading environment the thickness and width of the leg is what supports the load.

B) The thickness of the leg will directly affect the amount of side thrust the caster will withstand

C) The width of the leg will directly affect the amount of force that caster will take when in a trailing position.

It is important the leg be sized in both thickness and width to support the load in a static environment and also in a dynamic application.

These three points are meant to get the application engineering portion of a project off on the right foot. Without the right size swivel section, manufactured in the appropriate fashion with the right size legs attached to the swivel section, you will be destined for failure of the caster.

Caster Concepts is an industry leading manufacturer of industrial casters and wheels. For custom-designed casters and wheels, Caster Concepts has an eighteen-year tradition of providing customers with application specific pre-sale engineering, followed by production using the most modern manufacturing techniques and post-sales support.

Article Source: http://EzineArticles.com/?expert=Wolfram_Krammel

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From Manual To Automated Accounting

To really learn the complete concept of bookkeeping, it is necessary that each student begin with manual processes before graduating to automated accounting programs.

The general ledger is the core of your company's financial records and every transaction flows through this ledger. Each account of this core is eventually finalized to a Profit and Loss statement or Balance Sheet.

The accounting system will have a number of sub ledgers for items such as cash, accounts receivable and accounts payable. Every item posted in a sub ledger necessitates transacting to the main ledger as well.

There are times when items will go directly to the general ledger without any sub ledger posting. These are primarily transactions that will have no operational sub ledger such as capital contributions, loan proceeds and proceeds from the sale of an asset. They will be linked to the Balance Sheet but not to the Profit and Loss Statement.

With a computerized accounting program such as QuickBooks this process is handled automatically. With a manual system all the sub ledger items must be added up at the end of an accounting period and the totals transferred to the main ledger.

There are two specific points to understand when setting up the sub ledgers in your company's business books. One is their linking to financial reports and the other is establishing opening balances.

We know that the two primary financial documents of a company are their balance sheet and profit and loss statement and both of these are taken directly from the general ledger.

Every company has a chart of accounts which determines the order in which all entries will appear. They are handled on an accrual basis and the balances that make up the line items are transferred to the profit and loss statement.

The opening balances that are established are made up of the assets and liabilities that the company has acquired in order to start the company.

A lot of small businesses have their annual business books closing times based on the end of a quarter. For instance their year may end March 31st, June 30th, Sep 30th or Dec 31st. Whatever the case, the beginning of a new year and the ending of the old year involves some extra bookkeeping.

If a business uses a manual system for all of their bookkeeping, new files have to be created for the upcoming year of business operation. With a spreadsheet program this can be very time consuming and with handwritten pages it can consume even more time.

Therefore, the best, most efficient, less time consuming and less error creating accounting programs are - Electronic Accounting Programs such as QuickBooks, where everything input to a company's business books is carried out automatically.

Eleanor McCallum is a creator of information products and a designer of websites. My interests also encompass niche affiliate marketing and audio products.

http://grannyblogger.com

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Learning Sage Software: Which Sage Training Method Is Best For Me?

There are several types of Sage training products which seem to offer similar benefits and you may find yourself thinking which one is best suited for me? This guide is designed to give you an overview of the differences between Sage E-Learning, Sage Training Workbooks, Sage Training CD-ROMS and Sage Training Passports.

Sage E-Learning

* Online based learning course
* Re-use the course within the 12 week licence period
* Learn with simulations of Sage software
* Includes interactive quizzes to test your progress
* Learn at your own pace

The Sage e-Learning courses offer an extremely flexible way of learning. The ability to log on from any computer with internet access means you aren't restricted by having to complete the course entirely on a single computer e.g. at work.

It's always easier to learn by doing and e-Learning gives you the chance to practice what you have learned using on-screen simulations of Sage software. Being online, this simulation is not quite as good as the full versions you get with the Training Workbooks and CD-ROMS but it still makes learning easier.

You are paying for access to the course for 12 weeks so you can revisit any of the topics as many times as you need to within that time period. This is very useful to have as inevitably situations will arise where you can't quite remember what you need to do.

Sage Training Workbooks

* Includes 180-day version of Sage software and practice data
* Learn at your own pace
* Available to buy in separate stages or as a bundle
* Includes Sage accredited certification exams

The self-study training workbooks cover more material than the e-learning course and also includes the chance to gain a recognised certificate to enable you to prove your ability to employers/customers. These online based exams RRP at £50 each normally so there's a chance to make a real saving by buying the Workbooks. The main benefit is the 180 day versions of real Sage software with practice data, this gives you the chance to gain hands-on experience to make the learning experience more involving.

Sage Training CD-ROMs

* Cheapest method of learning Sage
* Includes simulations of Sage software to assist learning
* Re-use one CD-ROM as many times as needed

The main benefits of the Sage Training CD-ROMs are that you can re-use one copy as many times as you need. This may be especially beneficial for small businesses that can buy one copy and share it around the office as required. As with all the training products a form of Sage software is included so you can gain experience as you learn. However, similar to the e-learning, only a simulated version is included.

Sage Training passport

Sage training passports are quite a different product to the individual training products covered above. Although you can use Sage training passports to buy all the self-study training courses (self-study workbooks, e-learning, training and CD-ROMs) the feature the really sets the training passports apart is the access they give your company to classroom training centres. These are Sage training courses created and delivered by experts, giving your staff the best possible training. There are currently 9 training centres situated all around the UK.

Deciding between taking employees out of the office to attend a training centre or using self-study methods can be tricky. On the one hand having a real person to talk to face to face can really benefit some people and make the learning process more enjoyable, on the other it is a more restrictive, formalised method. You also need to consider the extra time and travel costs if using the training centres. There's no best solution so consider what will work best for your business and your employees.

As with several of the other Sage training methods you can share the passports amongst more than one person. This makes the training passports a cost effective method to go for if you are aiming to train multiple employees.

The passports are also very flexible, allowing you to mix and match courses to create a training solution tailored to your company's unique needs.

They are currently available in 3, 5 and 10 days. The prices are structured to give you a discount for the more you buy, for instance 5 days RRP is £990 but 10 day RRP is £1344. However do not feel tempted to pay for more than you need. You only save by buying 10 days if you need 10 days.

It's also important to note that the passports are only valid for a certain length of time from purchase. 10 day passports are valid for 12 months and the 3 and 5 day passports are valid for 6 months.

Coast Business Solutions are a software implementation consultancy based in Plymouth, UK. Their experienced consultants can take your business through the whole process from selecting a software solution to training your team to make the most out of new software thus ensuring a smooth transition. They can supply a wide range of business software including Sage Instant Accounts and Sage ACT!.
Visit https://www.coastsolutions.co.uk/ for more information.

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Mobile GPS Navigation Units for Trucks

Modern mobile GPS navigation units for trucks are a complete solution for the route guidance requirements of truckers. These navigation units are specifically designed with advanced, versatile and easy to use features to make the trucker's journey an easier and safer one. Implementing a GPS system in your truck would ensure that you take the right route in unfamiliar places.

GPS for Trucks- an Overview

GPS systems for trucks are designed in a way as to provide the precise route calculation and route guidance solutions. Digital maps form the core component of mobile GPS navigation units for use in trucks. The mapping feature provides information about your present location as well as computes the most appropriate route, giving due consideration to factors such as distance, speed, places of interest, amount of fuel consumption, and so on. You can also easily get real-time information on difficult-to-climb hills, tricky bends, traffic flow or any other impediments in your travel path.

Advantages of the Mobile Navigation System

GPS systems for trucks offer an array of advantages such as:

• A stress-free and safe driving experience on truck permitted roads
• Enhance trucker efficiency and dispatcher productivity
• Reduce fuel outlay
• Enhance driver retention and recruiting
• Help avoid expensive fines
• Reduce accident and vehicle damage
• Reduce out-of-route, empty and dead-head mileage
• Provide accurate pick-up and delivery time of goods
• Provide operational consistency

Branded GPS Systems with Innovative Features

Top manufacturers such as Rand McNally, Roadmax, Delph, Pioneer, Garmin, Cobra, Goodyear, WorldNav and PC Miler offer versatile portable GPS navigation units for trucks. They are integrated with the latest functionalities in mobile technology. The different models of GPS systems for trucks come with innovative and user-friendly features such as:

• High resolution touch screen with ultra-bright color display and excellent clarity
• Adjustable speed warning
• Powerful speakers
• Lane assist and high-sensitivity receiver
• Built-in calculator to determine most economical routes and mileage
• Converter button to make conversions in metric or standard units
• Comprehensive road data
• Options for route comparison and obtain trip data
• Customizable menu button, navigation text/voice languages in unit, smart power
• Route warnings on upcoming hazards
• Waypoints - to add an unlimited number of waypoints
• Spoken turn-by-turn instructions
• Customized routing based on truck size specifications

Most models of GPS for trucks also have exclusive entertainment options such as MP3 player, video player and Bluetooth hands free port for recreation on rest time or loading hours. Moreover, advanced mobile GPS systems for trucks also come with trucker business tools including commercial grade address book, mileage breakdown for organized bookkeeping and fuel tax reporting, national truck stop directory, planner, atlas, calendar, timers and logs, notepad, and much more.

Purchase Options

Truck owners need to buy mobile GPS navigations units for trucks from a reliable dealer. Most dealers maintain online stores and offer premium brands at discounted prices. Reputable distributors also provide free shipment.

GPS for Trucks - Hebron Consumer Products is a leading online shop for 12 volt electronics and travel products like 12 Volt TV, 12 Volt heater, 12 volt cooler etc

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Ethics in Business

Where to Begin?

If your company has never thought seriously about where it stands on ethical and corporate social responsibility issues, these six steps can serve as a guideline to begin the process. While it's important to behave ethically, it is just as important to get the message out to the public if your firm wishes to benefit from "doing good."

1. Define what your company stands for and what values it brings to the marketplace. Is the public aware of these values? Do they have a favorable reaction to them?
2. Examine your company's internal and external relationships. Do they make sense and reflect your company values? The public and the media often proclaim guilt by association. Seek out new relationships with companies that meet your ethical standards.
3. Understand what the public expects of a company today. Are you prepared to meet these expectations?
4. Review the positioning, assets, liabilities and promises of your brands, products, public positions and community initiatives. Conduct a competitive analysis.
5. Compare your public profile with your private actions. Do they contradict each other?
6. Don't be bashful about getting the word out through the media, to your employees and the community.

Cause-Related Marketing: Another Way Virtue Can Pay

There appears to be one sure-fire way to make virtue pay cause related marketing (CM). All things being equal, a sizeable niche of consumers around the world (well, almost every place around the world) would rather do business with a company that stands for something beyond profits.

Cause marketing is marketing that connects a business' product to a particular cause or set of values in the hope that consumers who hold those values will be more likely to purchase the product as a way of supporting that cause. The point is to attract consumers wanting to make a difference in society through their purchasing.

This is not corporate philanthropy in the traditional sense. Companies have long made contributions to a host of nonprofit organizations; but such donations often go unnoticed by all but the beneficiaries. True CM involves a high-profile partnership between a company and cause. It ties donations to sales or, in some cases, to corporate profits.

Companies around the world no longer want to simply write checks to charities. They want to get involved and the reasons are not always altruistic. Corporations used to give to charities because they were philanthropically driven or were looking for a tax deduction. Now, when they give, they want something more in return. When properly executed, CM sells products, enhances image and motivates employees.

Note: The Body Shop company made a point of advertising its stance against product testing on animals as both a symbol of quality and as a means to attract customers sympathetic to the animal rights movement. Ethical behavior or good PR? Both, actually.

If you are interested in the topic of ethics in business, or you can share your experience, please visit our article submission service.

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What Is a Business Project?

You can define a project as a scientifically created work plan devised to achieve a specific objective within a specific period of time.

In relation to business concept, you can say a project is a specific activity on which you spend money in expectation of profitable returns.

In technical terms, a project has to have a starting point, a specific end point and is intended to achieve a specific objective within the time frame existing between those two points.

You can also add many other attributes to a project. A project can be limited to a specific geographic location, to a set of population, a specific area of a subject, etc...

In a broad sense, a project includes all the activities which are carried out in order to achieve:

a. production of goods and or services

b. increasing the capacity of the current ongoing projects

c. increasing the productivity of the existing means of production.

From the business point of view, a project can be termed as a proposal for investment to create, expand, develop certain business activities that creates the production of goods or services in a community that gives mutual benefits to all the parties involved in the project during certain period of time.

There are many ways in which you can classify a project.

You can classify them as

1. Quantifiable and Non-quantifiable projects.

2. Sectoral projects

3. Techno-Economic Projects

On the basis of economic activities you can divide the projects into the following important divisions:

Division 0: Agriculture, Forestry, Hunting and Fishing

Division 1: Mining and Quarrying

Division 2, 3: Manufacturing

Division 4: Construction

Division 5: Electricity, Gas, Water and Sanitary Services

Division 6: Commerce

Division 7: Transport, Storage and Communications

Division 8: Services

Division 9: Activities that are not adequately described

The above divisions makes the task of classifying the projects into easily identifiable on the basis of economic activities.

How to get Ideas for your Business Project?

The first and foremost problem that one encounters before starting a business is to find out a business which will give a reasonable profit.

A businessman is really an investor so he will naturally aim at getting a reasonable profit from his investment.

So one has to first search for a sound workable business idea and gives it a practical shape. While doing this, a person may encounter a number of problems and his ultimate success will depend upon his ability and foresight to tackle various problems that he may face from time to time.

To take a scientific approach to the problems that may arise later in the business is an important element, while formulating the ideas for the project.

How to find the sources of ideas?

You can get ideas for your business from many different sources.

* Your own habits,
* interests,
* past successes and failures,
* or the story of your friend, relative, neighbors,
* experience of other persons, who surround you most of the time,
* scarcity or demand for certain products or services,
* finding out alternatives for a current problem, etc.
* You can attend exhibitions, trade fairs, etc., in your locality to get business ideas.

Also, studying number of project profiles, case studies, conducting and studying business and industrial surveys, attending meetings organized by government or private agencies, motivational courses, etc. can also considerably give ideas for your project.

Finalizing your project ideas

After collecting ideas for your business projects from different sources, do a feasibility study as which of the idea may fit for your nature.

I mean your physical, mental, spiritual attitudes.

Because if an idea does not fit into your attitude, and you take it up against your will, it may lead to failure surely.

So, you are the deciding authority. Be careful in selecting and picking up the most suitable business project idea and work on how you can develop it further, what are its pre-requisites in terms of capital, labor, technical, knowledge, location to implement it and so on.

To reach more more business resources, just go to: http://www.aicbusinessnetwork.com/signup.html

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Shipping Hundreds Of Parcels? Bulk Buy And Save Costs

Are you shipping several hundred parcels each month?

Well if you are then you need to think about how you are buying your cardboard boxes.

It sounds simple does it not? After all how hard can buying in little brown cardboard boxes be?

Well a lot of new businesses start out by buying in their cardboard boxes just a few at a time from their local stationers, and whilst this might help to keep your cash flow under control it will however massively dent your profits!

Buying cardboard boxes from your local stationer can result in you paying at least five times what you should be doing.

You should think about how many you are buying over the course of a month. If as an example you are buying in five hundred a month but only ordering 20 or 30 at a time then you will not be leveraging your purchasing power at all.

By buying in only 20 or 30 at a time you will probably be paying the same price per box as if you were just buying in 10 at a time.

However if you were to buy in one hundred or five hundred at a time then you should receive a substantial discount.

Now you maybe thinking that you do not have space for one hundred or five hundred boxes (As they can take up a lot of room even when flat packed), and that maybe the reason why you only order a few at a time. However many suppliers of cardboard boxes will offer a drop shipping service whereby you can order five hundred boxes and get a big discount, yet they will just ship them to you in bundles of 20 or 50 at a time.

This means you can leverage your buying power, yet you do not get overwhelmed by five hundred boxes arriving at once!

So when it comes to buying in your cardboard boxes you just need to think a lot smarter. As if you are buying in several hundred a month then you should not be paying high street prices for your boxes. Even if you are wanting to buy in custom made boxes that are printed up with your company's logo, then you can still use the advantage of your bulk buying power.

The vast majority of cardboard box suppliers will be happy to work on such a call off basis.

Wholesale Packaging Supplies and Cardboard Boxes available from Zeus Packaging. Quality Packaging and Parcel Delivery, ensuring your products arrive in one piece, at an affordable price.

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